Author: Yeek.io

What happens if one steals millions in crypto assets, and when anyone asks why they did it, they simply say, “The code let me do it?” The authorities then hear this and summarily agree to let the perpetrator go free, and while this may sound absurd, there appears to be a valid argument to this effect. The term “code is law” refers to the idea that the codes that govern specific smart contracts are immutable and devoid of the interaction of central bodies or anyone seeking to regulate how these contracts should operate. They reinforce the ethos of decentralised agreements…

Useless Coin token jumped to a record high on June 24, continuing a trend that started earlier this month.  Useless Coin (USELESS), a meme coin on Solana (SOL), jumped to a high of $0.1462, up by 2,470% from its lowest point this month. This surge has pushed its market cap to over $133 million. The token surge accelerated as Bitcoin (BTC) and most altcoins rose following Israel’s truce with Iran. It also jumped after two Fed officials, Christopher Waller and Michele Bowman, said that they would support an interest rate cut of 0.25% in the July meeting.  Nansen data shows…

Nasdaq-listed Nano Labs Ltd is making a massive bet on Binance coin (BNB) and has unveiled plans to acquire the token through convertible notes and private placements. According to a press release dated June 24, China-based Web3 infrastructure provider Nano Labs has set its sights on acquiring up to $1 billion worth of BNB (BNB) as part of a broader strategic growth initiative. To finance the plan, the firm has entered a $500 million convertible note agreement with investors. The zero-interest notes, maturing in 360 days, are convertible into Nano Labs’ Class A shares at an initial price of $20…

Quantum computing is poised to disrupt many industries, and crypto is no exception. Arthur Herman, Senior Fellow at the Hudson Institute and Director of the Quantum Alliance Initiative, emphasized this in a recent op-ed in the Korea Herald. He warned that the same technology promising immense computational power could also compromise the cryptographic systems securing blockchain networks. Most blockchains today rely on elliptic curve cryptography (ECC), which is considered safe only because breaking it would take classical computers an impractical amount of time. However, with the advent of quantum computers and possible execution of algorithms like Shor’s—which can factor large…

Sui-based NAVI Protocol partnered with OKX to introduce xBTC lending and borrowing for OKX users. Blockchains are kicking off the race for DeFi-enabled Bitcoin (BTC). On Tuesday, June 24, NAVI Protocol, a DeFi platform built on Sui (SUI), announced a two-month partnership with the OKX exchange aimed at promoting xBTC lending on Sui through user rewards. As part of the agreement, OKX will distribute $200,000 worth of SUI tokens through its OKX Earn program to users who supply xBTC via the initiative. NAVI will contribute an additional $500,000 in NAVX tokens, bringing the total incentives pool to $700,000. “This partnership…

The ongoing Bitcoin-led recovery is rippling through the broader crypto market, with improved investor sentiment driving gains across the altcoin and memecoin sectors. Bitcoin (BTC) has been on an upward trend over the past 24 hours, posting an approximate 4% gain that saw the crypto giant reclaim the $105,000 mark. As is typical in Bitcoin-led market cycles, altcoins have followed suit, capitalizing on the momentum. Ethereum (ETH), the second-largest crypto asset, outperformed Bitcoin with an 8% gain, roughly double BTC’s, now trading at $2,411 at press time. Among the standout performers, Sei (SEI) led the market with a massive 43%…

Artificial intelligence (AI) has revolutionized various industries, including finance, marketing, and cybersecurity. However, it has also become a powerful tool for cybercriminals. AI-driven deepfake technology is increasingly being used to orchestrate fraudulent schemes, particularly in the cryptocurrency space. These scams exploit AI-generated audio, video, and images to impersonate executives, manipulate social media, and deceive investors. A survey conducted by identity verification provider Regula found that synthetic identity fraud, where scammers combine real and fake identity components, accounted for 46% of AI-facilitated identity fraud cases. Voice deepfakes constituted 37%, while video deepfakes made up 29%. Over 80% of fraud detection experts…

dogwifhat Buy Volume surpassed $67 million, flipping Delta positive for the first time in a week. RSI and Stoch RSI both showed bullish crossovers, pointing to growing upside momentum among traders. dogwifhat [WIF] broke out of its month-long downtrend, jumping over 21% in the last 24 hours. The memecoin rebounded from its $0.63 low, closing at $0.8325 on the 23rd of June, after holding the $0.60 support. In fact, this rebound came with a sharp surge in price and volume. At the time of writing, WIF was trading at $0.8607, up over 22% in a day, with daily trading volume…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Ethereum saw a notable decline in its price over the last week, and the weekend culmination pulled the price back towards levels not seen in over one month. The movement tracks with the established bearish trend of the month of June and continues to show mounting…

After several consecutive days in the red, the SUI token is showing signs of recovery as a sharp price rebound renews bullish sentiment. SUI (SUI), the native token of the Sui layer-1 blockchain, has been on the rise in recent hours, posting roughly 15% in fresh gains. The rally marks the end of a month-long losing streak that saw the token break key support levels and drop to new lows. At press time, SUI trades around $2.79, marking a strong recovery from the week’s low of $2.45. The rebound in the native token is not isolated and comes as investor…